PROVIDED NOTICE THAT WELLSBORO & CORNING RAILROAD, LLC FILED A NOTICE OF EXEMPTION TO ACQUIRE AND OPERATE 35.5 MILES OF RAIL LINE FROM WELLSBORO & CORNING RAILROAD COMPANY, IN TIOGA COUNTY, PA., AND STEUBEN COUNTY, N.Y.

Wellsboro & Corning
Railroad, LLC (WCLLC), a noncarrier, has filed a verified notice of exemption
under 49 C.F.R. § 1150.31 to acquire from Wellsboro & Corning Railroad
Company and to operate approximately 35.5 miles of rail line between milepost
109.90 at Wellsboro, Pa., and milepost 74.70 at Erwin, N.Y., in Tioga County,
Pa., and Steuben County, N.Y.

WCLLC states that it
intends to interchange traffic with Norfolk Southern Railway Company and
Canadian Pacific Railway Company.

The transaction is
scheduled to be consummated on or after March 7, 2012(30 days
after the notice of exemption was filed).

WCLLC certifies
that its projected annual revenues as a result of this transaction will not
result in its becoming a Class II or Class I rail carrier and will not exceed $5 million.

If the verified notice
contains false or misleading information, the exemption is void abinitio.
Petitions to revoke the exemption under 49 U.S.C. § 10502(d) may
be filed at any time. The filing of a petition to revoke will not
automatically stay the effectiveness of the exemption. Petitions to stay must
be filed no later than February 29, 2012 (at least 7 days before the exemption
becomes effective).

An original and 10
copies of all pleadings, referring to Docket No. FD 35595, must be filed
with the Surface Transportation Board, 395 E Street, S.W., Washington, D.C.
20423-0001. In addition, a copy of each pleading must be served on Louis E.
Gitomer, 600 Baltimore Ave., Suite 301, Towson, MD 21204.

Board decisions and
notices are available on our website at “WWW.STB.DOT.GOV.”